Torpago Corporate Credit Card

No Personal Credit Check

The Torpago Business Credit Card offers 1% cash back on every swipe. (As a BCIC member you get 1.25% using the app link below)

This card provides an expense management platform along with many other benefits.

This business credit card is underwritten using your company's bank account data. This data includes deposit activity, cash on hand, balance history, spending patterns and business history. They currently use Plaid to assess your company's bank data activity.

This card is a great way to start the business credit building process if your business has existing revenue. No reporting tradelines are required to apply. No personal credit check or personal guarantee is required either.

Requirements:

  • EIN Number
  • Minimum 6 months in business
  • Business bank account (minimum 3 months of history)
  • Deposit revenue of $5k monthly (recommended before you apply)
  • No security deposit
  • No personal credit check
  • No personal guarantor
*they do ask for social security number for verification purposes only

Business Credit:

  • No annual fee
  • Reports only to Dun & Bradstreet

Card Issuer: Sutton Bank

To apply CLICK HERE

(As a BCIC Member you get 1.25% cash back rewards when using the link above)

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    No Personal Guarantor

    What is a personal guarantee? A personal guarantee is a written promise from a business owner guaranteeing that payment will be made in the event that the business fails to pay.
    Whether the business enters into a lease, applies for a business loan or line of credit, you’ll find that many creditors will require a personal guarantee to secure financing especially if you’re a small business.Corporate charge cards have certain revenue requirements that is large enough and profitable enough that no personal guarantor is required.

  • 2

    Obtaining a Corporate Card

    Obtaining a corporate credit card account for your business will often require a conversation with a corporate account manager. Be prepared to provide data and documents about your company's financials, including revenue statements and bank account information prior to applying.

  • 3

    Waivable Personal Guarantee Requirements

    In some cases, you don't need to meet million dollar+ revenue requirements to obtain a corporate charge card. A small number of charge cards such as the Smart Corporate Card, Brex & Ramp (listed here) have much lower dollar amounts.There are also retail co-branded business credit cards that offer the option to waive the pg requirement such as the Sam Club Business Credit Card.